xBank Finance 🏦

Decentralized Money Market powered by @zkSync 🏦

Deposit & Borrow crypto with ease on the fastest L2 on the planet 🌐

[xBank Finance 🏦 @xBank_Finance]

Dear users,

As promised, we have distributed the second round of compensation to everyone who was affected.

We apologize for what happened and any inconvenience caused.

Distribution transaction: https://t.co/c2gSRrrrTD

[xBank Finance 🏦 @xBank_Finance]

Dear users,

We will be making the second round of compensation for our users out of our own pocket.

Please find more details about the plan below.

We apologize for the inconvenience caused, and thank you for understanding.

https://t.co/Pb0Xzha7s9

[xBank Finance 🏦 @xBank_Finance]

Dear users,

We will be making the second round of compensation for our users out of our own pocket.

Please find more details about the plan below.

We apologize for the inconvenience caused, and thank you for understanding.

https://t.co/Pb0Xzha7s9

[xBank Finance 🏦 @xBank_Finance]

@m_abhishekkumar @zksync 100% of it will go to our users.

[xBank Finance 🏦 @xBank_Finance]

Dear @zksync,

xBank had consistently ranked within the top 3 protocols on zkSync.

Yet, the xbank is not eligible for the airdrop, ALL of which we plan to distribute to our users.

Please reconsider including us in the list of eligible developers.

#zkSync $ZK

[xBank Finance 🏦 @xBank_Finance]

@HongjunLEE7 @zksync We've outlined the compensation plan below.

100% of the airdrop will go towards the community.

https://t.co/InR199ePhr

[xBank Finance 🏦 @xBank_Finance]

Dear users, please find below the compensation plan for @xBank_Finance.

We understand the past week has been incredibly tough time for everyone, including our team.

Our aim is to offer the most support as possible within our ability:
https://t.co/7c48xYk3yR

Thank you.

[xBank Finance 🏦 @xBank_Finance]

@zk_apes @zksync @Element_Market @imTokenOfficial @argentHQ @_WOOFi @basmatizksync @Cointelegraph @PANewsCN Please do not forget to include xBank as part of the community as well - we're consistently ranked within the top 3 lending protocols on @zksync

https://t.co/MPNtdqPivF

[xBank Finance 🏦 @xBank_Finance]

Dear @zksync,

xBank had consistently ranked within the top 3 protocols on zkSync.

Yet, the xbank is not eligible for the airdrop, ALL of which we plan to distribute to our users.

Please reconsider including us in the list of eligible developers.

#zkSync $ZK

[zkEra.fi @zkerafi]

Open Letter to the zkSync Era Team Regarding the $ZK Token Airdrop Allocation

Dear @zksync, @gluk64, @Ozhar and the @bankless team @RyanSAdams @TrustlessState

We are writing to express our deep disappointment and concern regarding the exclusion of @zkerafi from the $ZK token airdrop allocation for protocols. Our protocol, which launched nearly a year ago on @zksync, was founded on the promise made by former zkSync team members that building on this network would be rewarded.
However, the current allocation approach appears to contradict this commitment, leaving our project and our dedicated users marginalized.

One of the most troubling aspects of this situation is the exclusion of our users’ transactions from the rewards.
We have users who have deposited over $10,000 in LP on @zkerafi who are not eligible for the airdrop, while users who deposited as little as $10-$20 worth of LP on @syncswap are eligible. Additionally, users who generated hundreds of thousands of dollars in volume on our perpetual DEX have seen their transactions ignored, whereas those conducting $10 swaps on @syncswap were rewarded. This disparity effectively renders @zkerafi users as second-class citizens within the same network, devaluing their transactions and undermining their contributions.

Moreover, as one of the first projects on @zksync to implement Account Abstraction and Paymaster, we have consistently demonstrated our commitment to innovation and the network’s growth.

It is disheartening to see that despite our pioneering efforts and substantial contributions, our project is overlooked in favor of others. Notably, projects like @sophon , an unlaunched protocol unrelated to zkSync Era’s benefits, and @getclave , a project live for only a few months, are receiving substantial allocations of over 2.5M and 5M $ZK tokens respectively. This allocation approach appears unfairly skewed against smaller, yet equally dedicated protocols.

Throughout our time on the @zksync network, we have collaborated with various notable projects, including @KyberNetwork , @OpenOceanGlobal , @dracula_fi , @PopsicleFinance , @velocorexyz , and @PythNetwork . Our involvement in these collaborations highlights our active role and commitment to the zkSync ecosystem. During the Velocore exploit, our protocol was significantly impacted, suffering damages exceeding $50,000 due to holding POL LP on @velocorexyz. Despite this, we chose to remain silent to protect the network’s reputation, especially in light of the impending airdrop.

In light of these circumstances, we earnestly request a reconsideration of the airdrop allocation to ensure that all protocols, regardless of their size, are fairly rewarded for their contributions to the @zksync network. Overlooking smaller protocols undermines the ethos of fostering an inclusive and supportive developer ecosystem and risks stifling innovation and growth.

We urge you to take immediate action to address this issue and ensure that the rewards are distributed in a manner that truly reflects the contributions and dedication of all participants within the @zksync community.

Sincerely,

zkEra Finance Team

[xBank Finance 🏦 @xBank_Finance]

Dear xBank Community,

We've made season 1 reimbursement according to your net account balance:
https://t.co/EGggaxiFiS

Compensation transactions details:

TX1: https://t.co/gC7nKoANlD

TX2: https://t.co/gs1KFCCLyQ

Thank you for your understanding and continued support.

[xBank Finance 🏦 @xBank_Finance]

Dear users, please find below the compensation plan for @xBank_Finance.

We understand the past week has been incredibly tough time for everyone, including our team.

Our aim is to offer the most support as possible within our ability:
https://t.co/7c48xYk3yR

Thank you.

[xBank Finance 🏦 @xBank_Finance]

Dear users, please find below the compensation plan for @xBank_Finance.

We understand the past week has been incredibly tough time for everyone, including our team.

Our aim is to offer the most support as possible within our ability:
https://t.co/7c48xYk3yR

Thank you.

[xBank Finance 🏦 @xBank_Finance]

Open Letter to the exploiter of @xBank_Finance:

We demand the immediate return of the funds obtained through the exploitation of our platform.

Time is of the essence. Our offer of the whitehat bounty still stands.

Your cooperation is crucial in mitigating further escalations.

[xBank Finance 🏦 @xBank_Finance]

Open Letter to the exploiter of @xBank_Finance:

We demand the immediate return of the funds obtained through the exploitation of our platform.

Time is of the essence. Our offer of the whitehat bounty still stands.

Your cooperation is crucial in mitigating further escalations.

[xBank Finance 🏦 @xBank_Finance]

@0xsatoshis @zksync We were exploited by a bad actor through a precision loss attack.

Would appreciate it if you could help us reach out to @zachxbt, @banteg, or anyone who can help assist us with how to move forward.

https://t.co/vVZoUs6CCy

[xBank Finance 🏦 @xBank_Finance]

The attacked conducted a Precision Loss Attack on @xBank_Finance

You can find the post-mortem analysis of the exploit in the article below:
https://t.co/r36UGjkNcx

Thank you for your patience & understanding.

[xBank Finance 🏦 @xBank_Finance]

@zachxbt @banteg Hello, can you check your DM please? We are reaching out for guidance and assistance on how to move forward.

[xBank Finance 🏦 @xBank_Finance]

The attacked conducted a Precision Loss Attack on @xBank_Finance

You can find the post-mortem analysis of the exploit in the article below:
https://t.co/r36UGjkNcx

Thank you for your patience & understanding.

[xBank Finance 🏦 @xBank_Finance]

.@xBank_Finance was unfortunately exploited by a malicious actor.

We are trying to get hold of the exploiter to offer whitehat bounty to return the funds.

A post-mortem analysis is being conducted.

We sincerely appreciate your patience and understanding during this time.

[xBank Finance 🏦 @xBank_Finance]

.@xBank_Finance was unfortunately exploited by a malicious actor.

We are trying to get hold of the exploiter to offer whitehat bounty to return the funds.

A post-mortem analysis is being conducted.

We sincerely appreciate your patience and understanding during this time.

[xBank Finance 🏦 @xBank_Finance]

Weekly Protocol Statistics Update 📊

Total Deposits 💸:
$808.0K (-5.3%)

Total Borrow 💰:
$172.5K (+3.4%)

Deposit here 🔽:
https://t.co/2cJdN5FgUL

[xBank Finance 🏦 @xBank_Finance]

Weekly Protocol Statistics Update 📊

Total Deposits 💸:
$853.3K

Total Borrow 💰:
$166.9K

Deposit here 🔽:
https://t.co/2cJdN5FgUL

[xBank Finance 🏦 @xBank_Finance]

@frogmonkee @syncswap @koi_finance @RFX_exchange @Zyfi_org @BigIntCo @ReactorFusionR @hue_nfts @tevaera @getclave @zkPengz @CryptoMazeApp @grvt_io @frogmonkee Ser, you might have forgotten that @xBank_Finance is also Ethereum 🫡

[ZKsync @zksync]

zkSync Era is a year old!

In that year, we:

🛠️ Shipped the ZK Stack, a modular framework for building sovereign hyperchains

💻 Deployed the Boojum proof system to reduce hardware requirements

🏎️ Hit 188 TPS during 2023’s Inscription Event

🔒 Hosted the largest Code4rena audit competition for over $1.1M

💸 Reduced fees to 1 cent with EIP-4844

The last year’s technical progress set the foundation to verifiably scale Ethereum. This year will be the year of ZK.

[xBank Finance 🏦 @xBank_Finance]

Dear xBankers,

Our original Twitter account has unfortunately been suspended

We will now use this account for all further communications 📢

Rest assured, your funds are safe 🔐

Visit xBank 🏦:
https://t.co/EEBkA8IlE4